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Board approves MTA advertising contract amendments; supervisors debate $13.55 million waiver and links to service restoration
Summary
The Board of Supervisors approved two measures reducing minimum annual guarantees on transit advertising contracts. Supervisor Aaron Peskin and others supported the packages; Supervisor Dean Preston pushed for clarity on whether federal relief funds used to cover the reductions could otherwise restore suspended transit service.
The San Francisco Board of Supervisors on June 15 approved two resolutions that retroactively reduce minimum annual guarantee payments in municipal transit advertising contracts and extend related agreements, measures the Municipal Transportation Agency (MTA) said were needed because advertising revenue fell sharply during the COVID-19 pandemic.
Supervisor Dean Preston pressed MTA officials for detail at the hearing, saying he was "troubled by this item" and describing the action as effectively "waiving $13,600,000 in money that we are getting from COVID relief" (he later acknowledged the figure as…
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